Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Cooperative Shares.
Proprietary Lease. The lease on a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares in such Cooperative Unit.
Proprietary Lease means the lease on a Co-op Unit evidencing the possessory interest of the owner in the Co-op Shares in such Co-op Unit.
Examples of Proprietary Lease in a sentence
With respect to each Co-op Loan, there is no prohibition against pledging the Co-op Shares or assigning the Proprietary Lease.
More Definitions of Proprietary Lease
Proprietary Lease. With respect to a Cooperative Loan, a lease on a Cooperative Apartment evidencing the possessory interest of the Mortgagor in such Cooperative Apartment.
Proprietary Lease means an agreement with the association pursuant to which a member is entitled to exclusive possession of a unit in a cooperative.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. Purchase Price: $281,866,762.53 Purchaser: First Horizon Asset Securities Inc., in its capacity as purchaser of the Mortgage Loans from the Seller pursuant to this Agreement.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. Prospectus: The Prospectus dated November 14, 2006 generally relating to mortgage pass-through certificates to be sold by the Depositor.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. PUD: Planned Unit Development.
Proprietary Lease. A lease on (or occupancy agreement with respect to) a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares or the Company in such Cooperative Unit. Purchaser: Xxxxxx Brothers Bank, F.S.B., or its successor in interest or any successor to the Purchaser under this Agreement as herein provided.
Proprietary Lease means an agreement with a cooperative association whereby a member of the association is entitled to exclusive possession of a unit in the cooperative.